📜Economics

$SRX Token, Web App Structures, and Game modes

SRX Token Breakdown

(100%) Total Supply = 100,000,000 SRX

As $SRX will be used directly for wagering on the Syrex Website, the team has decided that a smaller amount of tokens in circulation will be beneficial. This will allow easier wagering calculations for users and developers alike when designing new game modes.

(76.405%) Holders = 76,405,000 SRX

As SRX is built upon the BATMAN token, all tokens not being used for specific purposes will be airdropped to previous holders to maintain consistency in the price. Calculations have been made to directly correlate prices pre-migration with the price of SRX post migration.

(10%) Staking Supply = 10,000,000 SRX

SRX will be launching with an internal staking platform where these 10,000,000 SRX tokens will be deposited. Users will be able to stake their current SRX tokens to generate more SRX over the coming 3 months. After this point Syrex plans to offer different types of staking but, the rewards and token they are offered in could vary.

(5.375%) Liquidity = 5,375,000 SRX

The liquidity ratio was appropriately adjusted to synchronize the pre- and post-migration price of SRX. This will be the amount of SRX directly deposited into the Uniswap Pairing of SRX/ETH.

(4.13%) Marketing Wallet = 4,130,000 SRX

The marketing wallet held these tokens from buybacks on the previous BATMAN token, and will continue to hold these tokens with SRX as they can be used for exchange listings, staking rewards, giveaways, competitions, etc. The wallet address for this account is: Add Address

(2.09%) Burned Tokens = 2,090,000 SRX

Previously, the marketing wallet had burned about 4% of the total token supply of BATMAN from buybacks. This value has been reduced as the Syrex team plans to release a BSC version of SRX and requires tokens to be provided for the bridge services. All of these tokens can be seen at the burn address: Add Address

(2%) Bridge Tokens = 2,000,000 SRX

As stated above, these tokens were removed from the buyback burns and will be used as the ETH-BSC transfer tokens. These are needed in order to initialize the bridge, which will be live within a week of the launch of Syrex.

Syrex Web Wagering

The online decentralized wagering of Syrex will need funding for prizes, daily giveaways, maintenance, and development. These funds will be generated by a 2.5% tax on all winnings in all game modes on the site. It is important to stress that this tax will only be levied on winners and will not cause any higher transaction fees for users.

There may be reductions/changes to the tax rate in the future; including adjustments based on your total SRX holdings.

Current Game modes and their tax rates:

Coinflip - Coming soon

When the game is complete the winner will be able to withdraw 97.5% of the wagered tokens. The withdrawal function will be able to be called either from the initial winning screen or the previous winnings history.

Jackpot - Coming soon

NFT Jackpot - Coming soon

NFT Raffle - Coming soon